On Tue Nov 13 2018 there were a number of factors that weighed on stocks aside from Monday’s big drop.
Oil slid further breaking through $56 a barrel, a price analysts felt the market would not reach. Most expected a bounce off $60. The XLE ETF fell 2.3% to close at $65.54. This is nearing levels seen in August 2017 and July 2016. There could easily be more downside to come. In January 2016 the XLE was trading around $50 to $52.
The dollar meanwhile continued climbing against almost every currency. It was a see-saw day which by the close saw the NASDAQ flat and the S&P with small losses. Let’s review Tue Nov 13 2018 to see what to expect for Wed Nov 14 2018.
Advance Decline Numbers Outlook for Wed Nov 14 2018
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index from the close of trading on Tue Nov 13 2018.
Members should review all market breadth signals as well as trades done on Tuesday, before markets resume trading.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Wed Nov 14 2018
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